Manufacturing Industry Faces Problems - Yicai

Manufacturing in China needs more policy support to overcome challenges from slowing exports, low profits and investment, according to an editorial from Yicai. Authorities should prioritise the creation of manufacturing clusters and encourage private investors to invest more by combining investment with public funds. Newer industries such as electric vehicles and solar panels have performed well this year, but more focus is needed on upgrading traditional industries, the paper said. The sector has faced challenges from low-tech labour intensive firms, who have been unwilling to expand investment this year.